Trump's Venezuela Oil Plan Runs Into Hard Reality [Yahoo! Finance]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
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Source: Yahoo! Finance
States, before later declaring his administration will control Venezuela's oil sales “indefinitely”. Decrying the state of Venezuela's oil sector , including that the South American country now pumps a fraction of what it used to, Trump said, “We're going to have our very large United States oil companies — the biggest anywhere in the world — go in, spend billions of dollars, fix the badly broken infrastructure, the oil infrastructure, and start making money for the country.” While that sounds like a great opportunity for the US oil majors, it's one they may want to refuse . Why? Because the oil underneath Venezuela, which has the largest crude reserves in the world, greater even than Saudi Arabia and Iran, is technically challenging to extract and costly. Moreover, it's uncertain whether there would a change in the way Venezuela and its oil industry are being run , which presents a huge political risk for companies to return and operate there. Former President Hugo Chavez nat
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COP
News
- BofA shifts energy ratings for 2026: COP cut, MGY upgraded [Yahoo! Finance]Yahoo! Finance
- ConocoPhillips (NYSE:COP) had its "underperform" rating reaffirmed by analysts at Bank of America Corporation. They now have a $102.00 price target on the stock.MarketBeat
- Trump is sending funds from Venezuela oil to a bank in Qatar: report [Yahoo! Finance]Yahoo! Finance
- Venezuela oil fetching 30% higher price, U.S. energy chief says, after first sale worth $500 million [MSNBC.com]MSNBC.com
- Venezuela oil fetching 30% higher price, U.S. energy chief says, after first sale worth $500 million [CNBC]CNBC
COP
Earnings
- 11/6/25 - Beat
COP
Sec Filings
- 1/16/26 - Form 3/A
- 12/23/25 - Form 4
- 12/16/25 - Form 4
- COP's page on the SEC website